NOVARA Lending
Business loan
Finance the next step for your business: stock, equipment, a new location, or working capital to smooth the seasons. We assess the business's records and cash flow, and how the loan will be repaid.
May require business assets as security.
- Borrow
- $5,000 to $500,000
- Term
- 6 months to 10 years
- APR
- 7.99% to 18.99%
- Origination fee
- 1.50% of the amount
Estimate
See what it could cost
Move the amount and term to see a representative monthly payment from $5,000.
What it's for
- Working capital and inventory
- Equipment and vehicles
- Expansion and new premises
- Refinancing business debt
Estimated monthly payment
$2,027.17
- APR
- 7.99%
- Payments
- 60
- Total interest
- $21,629.48
- Origination fee
- $1,500.00
- Total repayable
- $121,629.48
Representative example at the lowest rate. Your rate depends on our assessment, and your offer shows the exact payment, fees, and total cost before you accept.
Eligibility
Who can apply
- Verified NOVARA member who owns or co-owns the business
- Business trading for at least 12 months
- Financial records that show the ability to repay
Documents
What you'll upload
- Business registrationCertificate of incorporation or business license.
- Financial statementsThe last two years, or since you started trading.
- Business bank statementsThe last six months.
- Business plan or use of funds · if availableHow you'll use the loan and how it will be repaid.
Questions
About the business loan
Other loans
Personal loan
For planned purchases, emergencies, or personal expenses, repaid in fixed monthly payments.
- Borrow
- $1,000 to $50,000
- APR from
- 8.99%
Auto loan
Financing for a new or used vehicle, secured against the vehicle you buy.
- Borrow
- $3,000 to $100,000
- APR from
- 6.49%
Mortgage
Long-term financing to buy a home, subject to valuation, affordability, and legal documentation.
- Borrow
- $50,000 to $1,500,000
- APR from
- 5.99%
Apply for a business loan in the app.
Sign in, choose the amount and term, and upload your documents. We'll keep you updated at every step.
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